Ilala Metals opens $5 million IPO to drive uranium and copper exploration in Botswana

Ilala Metals opens IPO to raise $5 million, to drive uranium and copper exploration across assets Ilala Metals Ltd is set to become the newest copper and uranium explorer on the ASX, having opened an initial public offering (IPO) to raise $5 million in additional funding, with capacity for up to $8 million should the IPO be oversubscribed.

The company plans to list under code IL1, with the IPO scheduled to end in late August. This fresh capital will support exploration and drilling at its Botswanan assets, specifically the Serule Uranium Project and Central Copper Project (CCP) in the Kalahari Copper Belt.

“We are delighted that our IPO to raise a minimum of $5 million has now opened,” Ilala Metals chair Dr Eric Lilford said.

“The Serule Project, whilst in early stages, has huge potential, being probably the most sought-after uranium project in Botswana now.”The company expects a strong pipeline of exploration […]

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